Real Estate
Development Ministry Wants EUR200M In EU Funds For Thermal Rehabilitation Projects
The Tourism Ministry asked the European Commission to allow for projects regarding the thermal rehabilitation of buildings to be financed with European funds, Minister Elena Udrea told a new...
INS: Construction Of New Homes Down 4.5% In Jan-Mar
Romanian housing construction slid 4.5% to 7,985 units in the first quarter from the year-earlier period, as builders broke ground on fewer new homes in urban areas, the country’s statistics...
Casa De Insolventa Transilvania Expands By Takeovers
Liquidator Casa de Insolventa Transilvania, or CITR, recently took over Solve Insolve IPURL in a consolidation and expansion plan that includes another three takeovers by the end of the year...
Somaco Grup Buys Prefab Plant For EUR4M
Construction materials maker Somaco Grup Prefabricate bought a concrete prefab plant for EUR4 million in central county Alba, with plans to invest another EUR2 million in widening its range...
Fourth Price Cut Renews Liquidator's Hope To Sell Bucharest City Mall
On the eve of a fourth sale attempt for Bucharest bankrupt shopping center City Mall, liquidator Casa de Insolventa Transilvania maintains hope in the face of investor caution, saying the cr...
Gica Popescu’s Rahova Bazaar To Be Turned Into Supermarket
Four months after opening, the bazaar in which former soccer player Gica Popescu and another two partners invested EUR10 million is set to turn into a supermarket, as the initial business mo...
High Street Retail Draws Casinos, Discounters
Rental demand for commercial space on Romania’s main streets comes mostly from casinos and discount stores, according to an analysis by real estate consultants Cushman&Wakefield.
City Mall Bucharest To See Fourth Sale Attempt, At EUR23.58M
Bankrupt shopping center City Mall Bucharest will be put on sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 mil...
INS: Housing Permits Down 14.7% On Year In April, To 3,145
Romania issued 3,145 buildings permits for residential projects in April, down 14.7% on the year and down 6.8% compared to March, the statistics institute INS said Monday.